18086 Pleasanton RdSan Antonio, TX 78221

For Sale
$1,790,000

Thriving Music Venue, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional San Antonio entertainment venue, situated on nearly 5 acres, presents a unique investment opportunity. The property boasts a 3,220 square foot indoor bar area, fully equipped with tables, bar stools, pool tables, darts, a DJ booth, and a jukebox. Separate restrooms are conveniently located within the indoor space. Extensive outdoor amenities include a large stage overlooking a vast dance floor, ample space for outdoor seating (over 20,000 square feet of concrete), and multiple service stations. A covered pavilion, spanning 7,500 square feet, features an additional bar with three service stations, a jukebox, storage, and separate restrooms. Additional outdoor features include a playground, batting cages, and a storage shed exceeding 2,000 square feet. The property also includes a separate income-producing rental house. The venue has a capacity for 5,200 people (per San Antonio Fire Department) and parking for approximately 400 cars. Infrastructure includes a water well and 36 septic domes. The property is conveniently located near Texas A&M University-San Antonio and the San Antonio Toyota Plant, offering easy access to a large population base. The property is currently 45% occupied, generating a NOI of $500,000 and a 26.46% cap rate. The asking price is $1,790,000 for this fee simple ownership of five buildings on a single story, built in 2010. The property's versatility allows for diverse uses, including but not limited to concerts, festivals, weddings, and sporting events. This well-established venue has a proven track record, having hosted major events such as the Big Red & Barbacoa Festival. The significant acreage and existing infrastructure provide ample room for expansion and further development.

Highlights

  • Exceptional San Antonio entertainment venue on nearly 5 acres.
  • 3,220 sq ft indoor bar with dance floor, restrooms, pool tables, darts, DJ booth, and jukebox.
  • Extensive outdoor amenities include a 7,500 sq ft covered pavilion with bar, restrooms, and storage; 20,000+ sq ft of concrete outdoor seating; large stage and dance floor; playground; batting cages; and a 2,000+ sq ft storage shed.
  • 5,200 person capacity (San Antonio FD), 400+ car parking, separate income-producing rental house, water well, and 36 septic domes.
  • $1,790,000 asking price, 45% occupancy, $500,000 NOI, 26.46% cap rate; built in 2010.

Property Details for 18086 Pleasanton Rd

Property type
Other specialty properties, Other retail properties
Square Feet
3,220 SF
Year Built
2010
Buildings
5
Stories
1
Lot Size (sq. ft)
214,141 SF
Units
6

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.244759224294
Longitude
-98.498374403537
18086 Pleasanton Rd, San Antonio, Texas

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18086 Pleasanton Rd
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